Could Russia save the falling Ruble by backing it with Gold? Article from 2014 but the question remains. - The Great Awakening - Where We Go Qne, We Go All!

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Could Russia save the falling Ruble by backing it with Gold? Article from 2014 but the question remains. (www.cnbc.com)

posted 2 years ago by QutlawJoseyWales 2 years ago by QutlawJoseyWales +11 / -0

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– IWoakeUpIn1984 6 points 2 years ago +6 / -0

Yes, they can, as they have been buying tons of bullion for the last several years. to add to their large pile they already had.

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– ZerroDefex 1 point 2 years ago +1 / -0

While selling off most of their US treasury bonds.

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– IWoakeUpIn1984 1 point 2 years ago +1 / -0

Yes true, divesting in the Dollar by selling off the US treasury Bonds helped buy a Lot of that gold. China has slowly been doing the same thing.

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